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Feb 16, 2013 2:00pm PST
reform, britain's finance minister george osborne angered by tax avoidance by companies like google and amazon. >> we all want international businesses located in our countries and doing business in our countries and employing people in our countries and certainly britain wants to have one of the most competitive tax systems in the world but we want businesses to pay the taxes we set in our countries and that cannot be achieved by one country alone. >> there were demonstrations outside of starbucks in london when it was revealed the coffee giant paid just $13 million corporation tax in 14 years trading in the u.k. in 2011, starbucks had u.k. sales of $620 million and in the u.s. facebook paid no corporate tax despite recording profits of over $1 billion. >> for the most part, the companies are not breaking the law but avoiding paying tax through legal loopholes rather than evagged it and it means using accounting mechanisms they can move where their profits are recorded around the world in different tax jurisdictions and thereby avoiding paying as much taxes had they been based in a par
Search Results 0 to 0 of about 1